HomeMy WebLinkAboutRES 22-7314 (WITHDRAW FROM ICRMA) Page 1 of 2 22-7314
RESOLUTION NO. 22-7314
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH,
CALIFORNIA, PROVIDING NOTICE OF THE CITYS INTENT TO WITHDRAW
FROM THE INDEPENDENT CITIES RISK MANAGEMENT AUTHORITY (ICRMA)
WHEREAS; the Independent Cities Risk Management Authority (ICRMA)
provides variety of pooled insurance products to its member cities;
WHEREAS, the City of Hermosa is currently an ICRMA Member and participates in
various ICRMA insurance programs;
WHEREAS, the Joint Exercise of Powers Agreement for Insurance and Risk
Management Purposes and the By-laws of the ICRMA establish the guidelines for participation
in the insurance and other related programs offered by ICRMA and further provide the process
for withdrawal from the ICRMA;
WHEREAS, the City of Hermosa Beach would like to perform a due-diligence analysis
of its current method for providing insurance and related programs;
WHEREAS, the City of Hermosa Beach wishes to preserve its right to withdraw from
ICRMA should the current analysis show that withdrawal would be advantageous to the City;
WHEREAS, the City of Hermosa Beach may elect to adopt a resolution rescinding this
notice to withdrawal should the current analysis show that withdrawal would not be
advantageous to the City; and
WHEREAS, the ICRMA program by-laws require a Member to provide specific
notification of intent to withdraw via the adoption of a governing body resolution.
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Page 2 of 2 22-7314
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF HERMOSA
BEACH DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The City will withdraw from the Independent Cities Risk Management
Authority at the end of the next program year, effective at 11: 59 p.m. on June 30, 2023.
PASSED, APPROVED, and ADOPTED this 10th day of May, 2022.
______________________________________________________________________________
PRESIDENT of the City Council and MAYOR of the City of Hermosa Beach, California
ATTEST: APPROVED AS TO FORM:
__________________________ __________________________ Myra Maravilla Michael Jenkins City Clerk City Attorney
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